6 years ago

Swedish apartment prices fall 2pc in fourth quarter

File Photo (Collected)
File Photo (Collected)

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Swedish apartment prices fell 2.0 per cent in the fourth quarter (Q4) from the same period a year earlier, data from an association of the country’s real estate agents showed on Monday.

Prices of single-family homes in Sweden increased 5.0 per cent, the Svensk Maklarstatistik association said.

Compared with the September-November period this year, apartment prices were down 3.0 per cent, while single-family home prices fell 2.0 per cent, reports Reuters.

Property prices have surged in recent years, outpacing wage growth, and authorities have long warned about high debt levels being a threat to the developed export-oriented economy.

However, home prices have dipped, mainly due to a surge in building and new, tougher mortgage rules.

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